Weekend Wrap Up for 12/24/2023

You are receiving this email because you signed up to receive Investment House's free e-letter Investment House Wrap Up, or you purchased a product or service from its publisher, Eagle Financial Publications. [Investment House Wrap Up] [IH Daily]( [Technical Traders Alert]( [Rapid Profits Stock Trader]( [About Jon]( In This Issue: - Market Summary - Targets Hit - Covered Call Options Play Weekend Wrap Up for 12/24 by Jon Johnson Editor, [Investment House Daily]( [Technical Traders Alert]( & [Rapid Profits Stock Trader]( [1pxtrans]( 1. Market Summary [Jon Johnson] - Stocks start higher, move higher, put in a credible recovery from the Wednesday reversal - Economic data woeful, but the focus was on the Q3 GDP 3rd read that saw weaker GDP but also weaker PCE. - Free money once more: BTFP usage surges for another week as the arbitrage gets sweeter. Can I get in on that deal? - Very solid recoveries and looking to partake more in upside breaks now that the fund managers got their profit taking trades in and left for Christmas. After the sharpest selloff in many weeks, stocks posted a rebound. Not blowout, not blowing out the downside from Wednesday, but a decent response to the selling. When the market gets in these holiday-light weeks, trade levels are lower and it does not take as much to move some indices. Moreover, you know that many fund managers left town Wednesday post-close or today, and they had to get things the way they want then ahead of the Christmas holiday. Thus, the profit-taking sell program that hit the market Wednesday afternoon. Some overbought areas were sold -- that included most of the indices. Still, some areas show very solid action, not overbought at all, in position to move higher and indeed moving higher. Again, the session did not wipe away Wednesday as there was some volume selling. It did, however, show buyers are there and ready to move in on dips. Along with that, some areas did not test at all -- very good action for the rally overall. MARKET VIDEOS [Click here to watch!]( Note: The videos are from the 12/20 report. 2. Targets Hit Investment House Daily: After a hiccup on Wednesday, stocks resumed the upside into the Christmas weekend. In a low volume environment such as right before a holiday you can get this sharp move. As in this case, they often dissipate after one session. Think about it: fund managers eager to get away early for the holiday, they push some profit-taking orders for the next phase of the rally before they leave. Enough of them do so and a sell program picks it up and is activated. You could see it in the indices as the majority of the major ones lost right at 1.5% on the session. The next session, it dissipated. Stocks resumed their move. We entered some more solid positions that held their patterns, and we banked some more solid gain. Century Aluminum Company (NASDAQ: CENX):Â 25.5% in the stock Cemex SAB de CV ADR (NYSE: CX):Â 18.1% in the stock, 101% in the options DoorDash, Inc. (NASDAQ: DASH):Â 76% in the options Fate Therapeutics, Inc. (NASDAQ: FATE):Â 25.8% in the stock Microchip Technology Incorporated (NASDAQ: MCHP):Â 70% in the options [Receive a risk-free trial to Investment House Daily and save 50% by clicking here now!]( Technical Trader: The big decision this week was whether to let our strong plays that have returned us so much gain the past two months continue to run. The Wednesday market volatility, as the fund managers got in their trades before leaving for the week, was a gut check, but we let most positions run. They continued higher and we let them run, looking to bank some more gain perhaps next week ahead of year end. RL, SCCO, PWR, AMAT, MAS -- they made us great money and some were testing, some continued higher. We let them work because the patterns and trends remain very solid. That said, we did bank some gain because that was the plan for specific plays. We stuck to the plan, let the plays work, took gain when it was logical to do so. Indeed, after some of these pullbacks on MAS, PWR et al, we could be entering new positions as they rebound. Southern Copper Corporation (NYSE: SCCO):Â 91% in the options ZScaler, Inc (NASDAQ: ZS):Â 55.89% in the options Meta Platforms, Inc. (NASDAQ: META): 64% in the options [Receive a risk-free trial to Technical Trader and save 50% by clicking here now!]( Rapid Profits Stock Trader: We anticipated this Q4 rally would continue, even with all of the negativity about the ability to continue the move into Christmas. Too overbought, buybacks ended, etc., were heard on the financial stations every day. The market said otherwise: good patterns from many sectors, with healthy rotation among the sectors. It provided us with many opportunities and we took them, then reaped the reward. Below are some plays we took profits on this past week. Century Aluminum Company (NASDAQ: CENX):Â 8.14% in the stock Riot Platforms, Inc (NASDAQ: RIOT):Â 12.1% in the stock Safety Shot, Inc. (NASDAQ: SHOT):Â 9.7% in the stock [Receive a risk-free trial to Rapid Profits Stock Trader and save 50% by clicking here now!]( [Learn more about our Covered Call Tables here!]( About Investment House: [Investment House]( Since 1999! Our investment newsletters are designed to reduce your research time and help you invest and trade profitably. Our strategies range in risk from rather conservative covered call writing, trading blue chip stocks, all the way to speculating with options to get quick triple-digit gains. Get to know Investment House with these premium investment services: [Investment House Daily]( [Technical Traders Alert]( [Rapid Profits Stock Trader]( [Stock of the Week]( About Us: Eagle Financial Publications is located in Washington, D.C. – only a few blocks from the Capitol. Our products have been helping investors build their wealth for several decades. Whether you’re a long-term investor or short-term trader, you’ll find the right strategy for you, including how to earn more steady income to spend now, preserve and grow your capital to enjoy later, and whatever other investment goals you have. Visit Our Websites: - [StockInvestor.com]( - [DividendInvestor.com]( - [DayTradeSPY.com]( - [CoveredCall]( - [MarkSkousen.com]( - [GilderReport.com]( - [BryanPerryInvesting.com]( - [JimWoodsInvesting.com]( - [InvestmentHouse.com]( - [RetirementWatch.com]( - [SeniorResource.com]( - [GenerationalWealthStrategies.com]( - [[YouTube] Visit our YouTube Channel - Eagle Investing Network]( To ensure future delivery of Eagle Financial Publications emails please add financial@info2.eaglefinancialpublications.com to your address book or contact list. View this email in your [web browser](. This email was sent to {EMAIL} because you are subscribed to Dividend Investor Daily. To unsubscribe please click [here](. If you have questions, please send them to [Customer Service](mailto:customerservice@eaglefinancialpublications.com). Legal Disclaimer: Any and all communications from Eagle Products, LLC. employees should not be considered advice on finances. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized advice on finances. Eagle Financial Publications - Eagle Products, LLC. - a Salem Communications Holding Company 122 C Street NW, Suite 515 | Washington, D.C. 20001 [Link](